On Wednesday, October 5, the American Banker made public a September 30 draft of the imminent interagency release on the Volcker Rule. Although the leaked draft includes the rulemaking re...

A National Exam Risk Alert released by the SEC’s Office of Compliance Inspections and Examinations reveals that the SEC staff is taking an expansive view of a broker-dealer’s obligati...

The SEC’s new Large Trader Reporting Rule should be reviewed by corporations and individuals that exercise discretion over transactions in U.S.-listed listed stocks and options. Effecti...

As revealed in court documents filed last week, a series of lawsuits filed in New York by shareholders who claimed that bonuses paid to Goldman Sachs employees resulted in corporate waste...

The stock markets have proposed to tighten the market-wide circuit breakers that halt trading in the equity markets. The proposals were prompted, in large part, by the May 6, 2010 Flash C...

Davis Polk is pleased to present the October Dodd-Frank Progress Report. This month, rules meeting three Dodd-Frank requirements were finalized, including the FDIC’s Joint Final Rule on...

As we prepare for the upcoming proxy season and the answer to the question of whether we will see many, any, or only a few targeted, proxy access shareholder proposals (see the Davis Polk...

Section 953(b) of Dodd-Frank requires companies to disclose the internal pay ratio between the total annual compensation of their CEO and the median total annual compensation of their emp...

MSCI, the parent company of ISS, recently announced that Gary Retelny, a member of MSCI’s Executive Committee and its Corporate Secretary, has been appointed President of ISS.  As ISS i...

The SEC’s changes to Exchange Act Rule 14a-8(i)(8), which went into effect yesterday, generally will require companies to include in their proxy materials shareholder proposals addressi...